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Home / Business and Economy / Katie Milligan Takes Helm at Openreach

Katie Milligan Takes Helm at Openreach

11 Feb

•

Summary

  • Katie Milligan appointed new CEO of BT's Openreach.
  • Openreach aims to connect 25 million homes with superfast fibre.
  • The telecoms sector's annual revenue is £489 billion.
Katie Milligan Takes Helm at Openreach

Katie Milligan has taken the helm as the new chief executive of BT's infrastructure division, Openreach. This appointment aligns with a broader trend of women ascending to leadership roles within the UK's telecommunications sector. Milligan, who has been with BT since 2004, previously served as Openreach's deputy chief executive, where she spearheaded the development of a new commercial and pricing strategy. Her leadership comes at a critical time as Openreach works to expand superfast fibre broadband coverage across the country.

Under Milligan's guidance, Openreach is on track to connect 25 million homes with superfast fibre by the close of 2026. Further expansion to 30 million homes is contingent on ongoing discussions with the regulator, Ofcom. Milligan emphasizes the national imperative for digitalization, viewing enhanced connectivity as vital for economic growth and essential for businesses and communities. Openreach currently serves major providers like EE, Sky, and Vodafone, facing competition from numerous 'alt-net' providers.

The broader telecommunications sector in the UK generates substantial annual revenues of £489 billion, with further growth anticipated through the adoption of artificial intelligence. BT's market capitalization stands at £19.7 billion, with its shares experiencing a significant increase over the past year. Openreach, valued potentially higher than its parent company at around £30 billion, is considered an attractive investment for US pension funds.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Katie Milligan has been appointed as the new chief executive of Openreach.
Openreach aims to connect 25 million homes with superfast fibre broadband by the end of 2026, with potential expansion to 30 million homes.
Openreach is considered to be worth as much as £30 billion, potentially more than its parent company, BT.

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